The medical carts and workstations market is expected to record a CAGR of 14.1% from 2022 to 2027 to reach $8.77 billion by 2027.
In order to carry out numerous procedures smoothly, medical carts and workstations are required in healthcare facilities. As far as improving the quality and effectiveness of patient care is concerned these medical carts and workstations help in maintaining key patient information along with providing quick access to such information. Prominent drivers for the market growth are factors like growing adoption of EMR/HER, integration of IT solutions in healthcare environments along with healthcare organization's efforts to enhance staff productivity and patient care.
The leading manufacturers mainly are Enovate Medical, Ergotron, Capsa Healthcare, JACO, Metro, Midmark, etc. Enovate Medical is the largest manufacturer; its revenue in the US market exceeds 10% in 2018. The larger share in the global market is held by the segment of non-powered types which accounts for almost 60% meanwhile the hospitals hold an impressive share of 50% in terms of applications. A medical trolley/cart is a mobile device consisting of trays, a set of shelves, compartments, and drawers for medical settings and hospital usage.
AFC Industries (U.S.) launched carts dedicated to COVID-19 treatments, such as lightweight storage carts with multiple wire basket shelves, mobile hygiene sanitizing station carts with wire baskets, tablet carts & remote data entry carts for use in COVID-19 quarantine zones, mobile scanning, thermal imaging, and infra-red remote carts, mobile iPad tablet carts with ergonomic handles and power cords, mobile tablet carts with ergonomic handles and sanitizing receptacle and handle, and thermal imaging temperature scanning mobile cart plus camera tablet combination.
The Mobile Computing Carts/Workstations Segment to Dominate the Market
Based on product, the mobile computing carts/workstations segment is estimated to command the largest share of the medical carts and workstations market in 2020. The largest share and the fastest growth of the segment are attributed to the rising adoption of computers and information technology in healthcare settings, the growing demand for telemedicine carts due to COVID-19, and the healthcare organizations’ focus on adopting new technologies that offer better configurations and features to optimize clinical workflows.
The Hospitals Segment to Dominate the Medical Carts and Workstations Market
The hospital's segment is estimated to command the largest share of the medical carts and workstations market in 2020. Increasing investments in the development of healthcare infrastructure, the need for efficient patient safety, and the initiatives undertaken to encourage the implementation of advanced technologies are the key factors expected to boost the growth of this segment.
Global Medical Carts and Workstations Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Medical Carts and Workstations Market is segmented based on the type, applications, companies, and regions.
By Type
By end user’s industry application
The report offers an in-depth assessment of the growth and other aspects of the Medical Carts and Workstations Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
Asia-Pacific: The Fastest-growing Market
At the regional level, North America is expected to dominate the medical carts and workstations market in previous years, while Asia-Pacific is expected to record the highest CAGR during the forecast period. The factors driving the growth of the Asia-Pacific medical carts and workstations market are rising investments in the healthcare sector for improving healthcare infrastructure and increasing the number of healthcare facilities, adoption of new technologies by the healthcare industry, government programs to promote the utilization of EMR and telehealth services, and initiatives by local vendors for improving the quality of care.
North America to dominate the medical carts and workstations market throughout the forecast period
North America accounted for more than 40% market share of the global medical carts and workstations market in previous years and is expected to dominate the market throughout the forecast period. The region dominated the market owing to the advanced healthcare industry with higher healthcare spending from the government officials, higher acceptance of advanced technologies, higher life expectancy, and increased adoption of electronic medication administration record systems. This is expected to increase the demand for medical carts and workstations in the domestic market.
Considering the current scenario, the growth in the favorable government initiatives and incentive schemes to enhance patient safety with increased healthcare workflows, easy accessibility to medical carts & workstations with the developed healthcare system, and the presence of many leading medical players in the region are further expected to boost the demand during the forecast period.
The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis, and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers, and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2022-2027. The report presents the analysis of the Medical Carts and Workstations Market for the historical period of 2020-2022 and the forecast period of 2022-2027.
Reports Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 14.1% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Nortek, Inc, Midmark Corporation, Capsa Solutions LLC, Altus Inc., Parity Medical, Modernsolid Industrial Co., Ltd, Howard Medical (Part of Howard Industries), InterMetro Industries Corporation (A Part Of Ali Group), Omnicell, Inc. (NasdaqGS :OMCL)., LLC, AMD Global Telemedicine, GlobalMedia Group, LLC, JACO, Inc, CompuCaddy (part of Diversified Designs, Inc.), |
Regions Covered | • North America • Europe • Asia-Pacific • Rest of the World |
Countries Covered | • US • Canada • Germany • France • UK • Italy • Spain • Rest of Europe • China • Japan • India • Australia • South Korea • Rest of Asia-Pacific • Middle East & Africa • Latin America |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 119 |
Customization Available | Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Medical Carts and Workstations Market is studied from 2017 - 2027.
Who are the key players in Medical Carts and Workstations Market?
Nortek, Inc, Midmark Corporation, Capsa Solutions LLC, Altus Inc., Parity Medical, Modernsolid Industrial Co., Ltd, Howard Medical (Part of Howard Industries), InterMetro Industries Corporation (A Part Of Ali Group), Omnicell, Inc. (NasdaqGS :OMCL)., LLC, AMD Global Telemedicine, GlobalMedia Group, LLC, JACO, Inc, CompuCaddy (part of Diversified Designs, Inc.), The Harloff Company Inc. (part of The Winsford Corporation), Solaire Medical, LLC, The Bergmann Group, Herman Miller, Inc, and Lakeside Manufacturing, Inc., and others.
What are the significant types of Medical Carts and Workstations Market?
Non-powered Type, Powered Type, Others
What are the major end-use applications of Medical Carts and Workstations Market?
Hospitals, Clinics, Other, Other.
What segments are covered in the Medical Carts and Workstations Market report?
The Global Medical Carts and Workstations Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Medical Carts and Workstations Market?
The sample report for the Medical Carts and Workstations Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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